Roots Sustainable Agricultural Technologies Ltd (ASX:ROO) will continue to focus on the growth of its core operating business during the current quarter and beyond.
The company is building a strong sales pipeline in Israel, as well as pursuing several parallel sales channels in the US to drive revenue.
It is also progressing intellectual property (IP) registration and additional research & development (R&D) opportunities, including pilot trial programs with new customers, as well as new product development initiatives, including recreational growing capacities.
Building on strong pipeline
Roots executive chairman and CEO Boaz Wachtel said: “Roots is continuing to witness a number of opportunities that will allow the company to further commercialise its innovative product suite and drive sales growth.
“We are building a strong pipeline across Israel, through large-scale farm operations, as well as the cannabis industry and we anticipate that a number of sales contracts will materialise over the coming months.
Driving sales through US & Europe
The company is also implementing strategies to drive sales through the US and Europe.
“Management is also pursuing R&D initiatives that will allow our Root Zone Temperature Optimisation and heat exchange stub products to be embedded into new systems, different growing settings including open fields and on smaller at-home operations.
“Food security is a major global issue.
Our RZTO technology has shown considerable advantages including shortening grow cycles, increased plant yield, energy savings and enhanced production security, so we are very confident that multiple developments will materialise in the coming months.”